Episode 64: PFGBest Peregrine Financial, Russell Wasendorf Sr and Gary Gensler

by robbooker on July 18, 2012

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In this fiery episode of The Traders Podcast, your host, Rob Booker, “solo-casts” about PFGBest’s Peregrine Financial Group Inc. and its founder, Russell Wasendorf Sr., who was found to have absconded with $215 million, over a 20+ period of time, which somehow flew beneath the radar of the National Futures Association (the NFA) and the U.S. Commodity Futures Trading Commission (the CFTC).

PRODUCER’S NOTE: The Traders Podcast contacted the National Futures Association for comment, and it has declined to respond altogether.

Rob also describes how an honest person might be tempted to become a dishonest person — and he illustrates this description with an analogy about a baseball player trying to aspire to the big leagues.

Also, Rob publicly calls out Gary Gensler, the CFTC chairman, asks him to step down and suggests that a class action lawsuit brought against him. Tune in to hear why! All of this and more, so buckle up!

THE EDGE TRADING VIDEO SERIES — a series of videos by Rob Booker and his co-host on TFL TV, the Commander Rob Wilson. This series includes 10 hours of video instruction about Edge trading — a way to plan trades with bigger profit targets and smaller stop-losses.

Questions for listeners: Please leave your answers in the comments below.

1. What are your thoughts on the matters discussed during this episode?

2. Can you think of one financial firm executive that you would trust with your wallet?

3. What are you usually doing while listening to The Traders Podcast?

Thanks again for listening.

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